Accountability derives its name from the word “account” for a reason. Accounting is one of the key functions that small businesses should prioritize investing in. Fortunately, dedicated accounting software makes it easy to track daily expenses and prepare financial statements during tax season by automating necessary tasks. Accounting can enhance operations and help make informed financial decisions based on data. As Warren Buffet said, “Accounting is the language of business.” Regardless of business size, hiring an accountant to oversee tax payments and payroll can foster growth. What are the best free accounting software options for small businesses in 2023? This list, ranked alphabetically, includes QuickBooks Online, QuickBooks Desktop Pro, FreshBooks, Xero, Sage Intacct, QuickBooks Online Advanced, Zoho Books, BQE CORE, Wave, and FreeAgent. These software options offer a range of features to help small businesses track receipts, income statements, and bank transactions, create invoices, manage expenses, and simplify financial processes during accounting periods. The list of solutions includes real user reviews, and vendors offering a free trial are also considered free. The solutions featured on this list must have at least one of the following features: automate accounts receivable and payable workflows, manage cash transactions, create dashboards and reports, or simplify financial processes. The data was sourced from G2 in April 2023. Some reviews were edited for clarity.
